I bought my positions today
October 1, 2023
The reasons:
1. Low-risk entry point
2. Prior strong upside move
3. Very clear and crisp pivot point
4. One of the leaders in the current market
5. Stock explodes >100% while the market only goes up 6%
6. High relative strength
Flaw:
1. Hard-penny environment
2. Bad close, stock squats after the breakout
I like...
CLOUDPT developing good price/volume movement after 98 days from IPO.
Volume increase when price hike and volume decrease when price correction. (wash out)
Let's see if i am right. Awaiting solid breakout and stand firm above 0.625.
Disclaimer:
For educational purpose only, not buy/sell recommendation. Trade at your own list.
I bought my positions today
September 18, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a textbook flat base setup
3. It has VCP characteristics
4. It has a high relative strength
5. It outperforms the general market
6. Volume dries up and huge volume on the breakout
Flaw:
The market is still in a hard-penny environment with...
I shared PANTECH chart back then in 30th March (link below). The breakout doesn't last long and sell out was triggered due to break support. This is a breakeven trade back then.
The chart that formed a double bottom. And recently higher low is observed with volume start to come in. QR look decent too. Will PANTECH further attack?
Disclaimer:
Information...
I bought my positions today
August 25, 2023
The reasons:
1. Low-risk entry point
2. The stock is up >100% in less than 8 weeks
3. Corrected the least during the pause, less than 25% correction
4. Volume dries up as a sign of less supply coming to the market
5. High alpha stock with a low standard deviation
6. It has VCP characteristics
7. Huge volume on the...
Previous CAPITALA and KPPROP VCP got good return (~30%). Hopefully some of you manage to get that ride too.
Here you go for another VCP candidate:
C1: -21%
C2: -8%
C3: -4%
Note on the recent price/volume action. Brewing for something.
Let's see the upcoming movement.
Not sure if anyone observe the movement of this KPPROP.
Price breakout from huge base 286d (with huge volume come in) and then experience pull back that formed a short base VCP.
0.645 will be the critical support. Risk is not high and let's see how the movement later. (Btw, earlier post ECOWLD has gained 15%)
NSE:ADANIPORTS
showing positive momentum in DAILY as well as in WEEKLY TIMEFRAME.
it could be a good time to start investing in it.
But there must be a STOPLOSS.
invest at your own risk, this is only for educational purpose.
I bought my position today
August 4, 2023
Reasons:
1. Low-risk entry point
2. Coming from a classic cup and handle
3. Bought initial position at the cheat area
4. High relative strength stock
5. It is in a confirmed stage 2 uptrend
Flaw:
1. My latest personal trades are not working well
2. Stock squat and lack volume on the breakout
I like to see a pivot...
VCP: 10w 19/4 3c
+ higher lows (but not ascending triangle).
+ Proportional
+ tight consolidation above 21d ema
- below 50dsma
- downward trending RS line below MA
Trade Plan:
Entry: DTL Breakout, starting position.
Risk: ~3%, with stop below $191.88
Add on breakout of current consolidation over 197.81, which is above the 50dsma and can be financed by...
I bought my positions today
July 20, 2023
The reasons:
1. Low-risk pivot entry
2. A quintessential long-base VCP
3. The stock is at its all-time high with a six months base
4. It is in a confirmed stage 2 uptrend
5. It developed a crisp setup during the market correction
6. It has a high relative strength line
Flaw:
The general market is still declining
I'm...
William O'Neil got a lot of weekly chart example in his book: How to Make Money in Stocks.
PECCA chart is hidden in daily chart. Amazing setup seen in weekly chart. The base of the chart used 770 days to form with below contraction:
C1: -43%
C2: -15%
C3: -6%
C4: -5%
Attempt breakout last week and pull back this week (natural reaction), forming a pivot and...
The dollar has been basing below the 200-day MA.
If you don't see it, flip the chart and you will see a bullish valatility contraction pattern.
For me this should resolve to the downside to continue its downtrend.
This would be good news for stocks.
I bought my positions today
May 25, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack...
Nowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market.
Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a...
The stock has been a multi bagger giving almost 5x returns in the last two years. Recently the up move had been halted with a “BC” Bar. Then the stock after retreating started to move up attempting to take out the “BC” bar. It failed and is now attempting again. We see a clear a Volatility Contraction Pattern. The stock is still in a supply area. Once we have a...
I bought my positions today
April 26, 2023
The reasons:
1. Low-risk entry
2. Cup and handle pattern
3. The stock up 100% more before forming this cup and handle
4. High relative strength stock
5. Constructive basing period
6. The stock is in its first base breakout
I prefer stocks that are breaking out after a long base formation.
The strength of the upmove that follows unleashes a tremendous locked in power.
I will be keeping this in watch mode and will probably enter if things look ok.
Since I like pullback trades rather than breakout trades, will wait for more pullback and VCP formation.
